Let’s face it-the last 6-7 weeks have been an abysmal period for tech stock investors. Little other than abstinence from the group has worked. Even trading around core positions has been a difficult strategy to execute. Today, there has been more pain-although most of it was focused in the semi-conductor I have been asked several…
Summary Atlassian announced the results of its fiscal Q1 last Thursday. Once again, the results the company announced beat prior consensus estimates in terms of revenues, earnings and cash flow. Once again, the company guided expectations above the prior consensus for revenues, earnings, and free cash flow. The company detailed some plans for it to…
I mentioned in the post sent to subscribers on Sunday that I was making some changes in the high-growth portfolio. As it happens, there are some steps that I can take to increase the beta of the portfolio and to increase the percentages held by the portfolio in some of my most favored names. I…
Sometimes in bear markets, investors, and by extension analysts, try to create bogeyman where none really exist. Perhaps that is one of the factors ailing Nutanix shares. As a shareholder and recommender, the trajectory of Nutanix shares since this past August is disheartening, to say the least. The shares have never traded “right” since the…
Another quarter reported for IBM, another quarter of wasted opportunity. I don’t imagine too many subscribers to this site have positions in IBM. It basically checks none of the boxes that I look at in evaluating companies. And this past quarter was one of the poorest showings the company has made in the last decade.…
Summary Pivotal shares have traded poorly since the company announced Q2 earnings. Now the shares are being further pressured by a new supply of shares coming from the expiration of the option lock-up. Despite these negative influences, Pivotal as a company is growing and it is finding success for its offerings amongst enterprise customers. Pivotal…
Yesterday, Twilio announced its purchase of SendGrid. SendGrid is a public company, and unlike many similar software transactions in recent years, this will be a stock purchase, with Twilio paying $2 billion in stock based on Monday’s closing price for SendGrid’s equity. It was also announced that both Twilio and SendGrid had exceeded their forecast…
Anaplan launched its IPO earlier today. The shares finished their first day of trading up by 43%. It was nice for the company that its IPO was scheduled for Friday-I wonder what might have happened to the share price change had the IPO happened on a different day of this past week. Wound up selling…
Summary Arista Networks has seen its shares brutalized over the last few weeks. The company, which is quite profitable, now has valuation ratios which it has never before seen. I think that the company has an excellent chance to achieve growth reacceleration to more than 30% in 2019. The company continues to enjoy market share…
Sarah Friar, the CFO of Square almost since its birth, has stepped down to become the CEO of a start-up venture in the social media space called Nextdoor. Nextdoor is a social media company that is focused, as its name implies, on building a private social network within a neighborhood community. It certainly sounds like…